By Franklin D. López, former United Press International and the Associated Press News writer
The local press will not dare to publish and provide access to these reports because they are simply part of the colonial regime and corruption scheme. But the general public has the right to access this information. What you will find and read is absolute and transparent information and extensive investigations, of the corrupt dealing of the Federal Supervisory Fiscal Board in the territory of Puerto Rico appointed by the President of the United State and the United State Congress. Conflict of interest and corrupt transactions are the order of their daily operation. They appointed “a person of interest” of Federal law enforcement, the Director of government infrastructure of the Federal Supervisory Fiscal Board, Mr. Alejandro Figueroa. Mr. Figueroa resign a Secretary of Public Policy in the Luis Fortuño administration for allegedly intervening in the process assigning the Arecibo Health Reform region to a member of his family!
Here are a list of sources of the questionable integrity of the Federal Supervisory Fiscal Board:
Download Spanish PDF Download English PDF The New Oversight Lords Four and a half years after the enactment of PROMESA, the struggle continues in Puerto Rico against the oversight board and the vulture funds. The PROMESA era has been a difficult time that has seen several cataclysms: the destruction brought by hurricanes Irma and María, the earthquake and its aftershocks, and the global COVID-19 pandemic…. Read More
Spanish PDF By Abner Dennis For many years, the pharmaceutical industry has extracted enormous amounts of wealth from Puerto Rico. The companies have secured lucrative tax breaks from local government officials interested in attracting their operations to the island, and as a result pharmaceutical products account for a large share of Puerto Rico’s exports…. Read More
PDF En Espanol Pain and Profit – Rosselló is gone but vultures still prey on Puerto Rico Over the past month, Puerto Ricans have risen up in historic numbers to reject the old political and economic order overseen by a corrupt local elite that prioritizes its own interests and Wall Street profits over the Puerto Rican people…. Read More
PDF of Hedge Paper No.65 – English PDF of Hedge Paper No.65 – Spanish It has been two years since the approval of the PROMESA Act and the establishment of the Financial Oversight and Management Board (the Oversight Board) in Puerto Rico. The austerity measures implemented have been catastrophic for millions of people in the Caribbean archipelago…. Read More
Solus Alternative Asset Management & Angelo Gordon PDF of HedgePaper No. 63 (English)Download PDF of HedgePaper No. 63 (Spanish)Download Introduction The hedge funds that forced Toys R Us to shut down and threw tens of thousands of workers out of their jobs have played a similarly destructive role in Puerto Rico, speculating on government-issued debt and using aggressive tactics to pursue massive profits at the direct expense of Puerto Ricans…. Read More
HedgePapers No. 61: THE GOLDEN REVOLVING DOOR: How A Planned Debt Restructuring Agreement Benefits The Bankers — and Could Block Puerto Rico From Holding Them Legally Accountable Spanish version of the report. Executive Summary An agreement nearing approval as part of Puerto Rico’s debt restructuring process could block many forms of legal accountability for a key set of government officials and bankers that oversaw the creation of the debt – and stick credit unions and municipalities with the tab…. Read More
Pain and Profit After Maria Companies Taking Puerto Rico by $torm Five months after Hurricane Maria, and amid a continuing austerity crisis, conditions in Puerto Rico remain dire. More than 1,000 people died from the hurricane, although the official estimate is only 64. The government of Puerto Rico estimates that another 200,000 people (about 5 percent of the population) could leave the island by the end of 2018, adding to the massive wave of out-migration over the past decade.[1]… Read More
CALIFORNIA HEDGE FUNDS AND THEIR BILLION-DOLLAR TAX LOOPHOLE Simply stated, the carried interest loophole is the mistreatment of hedge fund and private equity fees as capital gains, rather than ordinary income…. Read More
Introduction Four months after Hurricane Maria, nearly half of Puerto Rico is still without electricity. The poverty rate is 46 percent, and even more – 58 percent – for children.[1] Over 80% of Puerto Rico’s agricultural crop value – around $780 million – was destroyed by the hurricane.[2] Its healthcare system, already facing austerity cuts, is in a state of crisis.[3]… Read Mor
